Treasury said. ASSA Corp. co-owns the 36-story building through a partnership formed with the Alavi Foundation of New York, called 650 Fifth Avenue Co., the government said. The United States alleged that ASSA Corp. “has repeatedly transferred rental income generated from the 650 Fifth Avenue partnership back to Bank Melli through ASSA Co. Ltd.”
Subscribe to The Iranian newsletter
Sign up for our daily newsletter to get the top news stories delivered to your inbox.